Topic: 4 factors that could destroy your Trading - page 11. (Read 1234 times)
This is very true, so that why before jump in to trading beside we should be have good strategy, also we should be discipline to comply with trading strategy that we have made before, and dont to much time in trading and always learn to control the emotions so that we are not far from the rules and strategies we have been created.
See market prices of crypto currency increasingly fluctuate I think there are a lot of traders who suffered losses, and In taking a decision, many traders are still affected by emotions. Fourth factor that's the meaning, of is a type of emotions:
- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
You are right. When I started trading, I was constantly losing money because I could not control my emotions. Greed and desire to make a quick profit made me fall. It took me a lot of time to learn how to control my emotions and greed, but sometimes I could not. Regret is also what I often get when I miss out on great opportunities. I think that beside the trade time we should spend some time learning how to control ourselves seriously. - Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
Agreed, emotion trading is the hardest obstacle to overcome in trading, rather than stick with the first plan we made. People tend to succumb into emotion when they win or lose, because of human nature make us difficult to work logically when we achieve something, we want recognition and when we lose something we want revenge. But mostly i think greed is the most definite factor we need to overcome when trading because greed make us to increase more position than we should've taken and it makes our trading more risky 
I would add here impatience. Trading loves very patient people, stable and with clean minds. You must also learn how to think logically.
Trading is all about the decisions, how to sell, when to sell, is the market suitable to sell my bitcoins or the market is okay with buying right now? So all these questions are directly related with decision making of the mind. And everyone knows if your mind is not cool, you will never take a better decision. You must be patient to get profits.
No one can destroy me in trading always think positive that's all we can do when we take the risk already and no need to think negative,If crypto will gone then my trading will go destroy but that's never gonna happen it's give so much conveniece that's why this is non stop.
Behaviour really is a great factor when you consider it on trading cryptocurrencies in fact that it is so volatile we can't really control where the market goes if it goes down or up. So goes on always sell high and buy low but when you caught the in-between and then the price goes down that might get your behaviour if you'd want to sell it or wait again for a skyrocket then decides.
- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
Greed is the biggest factor in crypto.
So many people go All-In, thinking, that is the only way to make a huge amount of money.
Of course it's a way to lose all your money too.
If you want to survive as a trader you need to practice risk managemrnt. Only stake 1/10th of your stash on any given trade. If you win, you will be up a little. If you lose, you will be down 1/10th, but you are still in the game.
As your stash gets slowly bigger, your one-tenth trade gets bigger too - but it is controlled risk because you arn't risking everything.
We are not a robot mate so its normal that we have an emotions. And we cannot blame our selves because of being involved on that 4 factors. 'cause nowadays there are some of some FUD spreading fake news. Even you op for example if you have a huge amount on trading and all of the investor screaming sell..sell!! Can you control your emotions?
for me im always panic so i sell it cheap price so i always lose a big money. 
Fear is real, most people are fear of when the price is going down, meanwhile they are already buy it, pursue it and following the FOMO
sadly is these factors are even still happen, most case for newbie traders, they just enter to cryptocurrency, and one week after it, invest some money and follow up on signal, don't know anything and didn't want to know more, and (poof) the price are dump, and they get destroyed.
most people are fear of when the price is going down, meanwhile they are already buy it, pursue it and following the FOMOsadly is these factors are even still happen, most case for newbie traders, they just enter to cryptocurrency, and one week after it, invest some money and follow up on signal, don't know anything and didn't want to know more, and (poof) the price are dump, and they get destroyed.
all 4 of these "factors" are the result of one "factor" and that factor is not knowing how to trade.
before starting to trade one must first learn how to trade. and that requires a lot of work and spending a lot of time. most people are lazy so they skip this step and get right to trading. but some of them start more cautiously and with a smaller amount so they learn better but others go bigger at the beginning and understand nothing in the end.
in this process, because they don't know what they are doing, they also don't know how to treat different circumstances such as the time when price falls all of a sudden despite all your expectations. or the opposite: meaning rise out of the blue. and not knowing means they start using their emotions more than their logic to make a decision.
otherwise we have all these emotions, but for example those who know what they are doing and also have some greed can turn that into ambition and become more successful!
before starting to trade one must first learn how to trade. and that requires a lot of work and spending a lot of time. most people are lazy so they skip this step and get right to trading. but some of them start more cautiously and with a smaller amount so they learn better but others go bigger at the beginning and understand nothing in the end.
in this process, because they don't know what they are doing, they also don't know how to treat different circumstances such as the time when price falls all of a sudden despite all your expectations. or the opposite: meaning rise out of the blue. and not knowing means they start using their emotions more than their logic to make a decision.
otherwise we have all these emotions, but for example those who know what they are doing and also have some greed can turn that into ambition and become more successful!
4 factors that could destroy your Trading
1.Do not know the state of the market
2. Not exactly choosing a potentially large coin
3. Lack of knowledge about Trading
4.Not a good strategy
1.Do not know the state of the market
2. Not exactly choosing a potentially large coin
3. Lack of knowledge about Trading
4.Not a good strategy
The bottom line that can destroy my trading is MENTAL and EMOTIONS, if I am strong both, I may not have experienced in the destruction of trading, even if I got a loss.
You combine that all it is called being human.
It is not that easy to control ones emotion and even yourself will have a hard time doing it.
Hope. It works sometimes but nowadays it looked like it really made some losses for crypto traders.
Greed to have more. Yes this also works in a day or two but somehow you will need to withdraw.
Fear. Could also be a lucky charm when you did it at the right time then suddenly the coin you traded goes to hell.
One thing one trader needs. Experience. If you have it then regret will not be included to any trade.
It is not that easy to control ones emotion and even yourself will have a hard time doing it.
Hope. It works sometimes but nowadays it looked like it really made some losses for crypto traders.
Greed to have more. Yes this also works in a day or two but somehow you will need to withdraw.
Fear. Could also be a lucky charm when you did it at the right time then suddenly the coin you traded goes to hell.
One thing one trader needs. Experience. If you have it then regret will not be included to any trade.
Sometimes the worries, fears, greeds, hopes, regrets and happiness that I feel they are coming together in the process of trading in bitcoin trading, it is hard to avoid. But as much as possible we should be able to control the emotions by doing some things like:
1. Do not be too push yourself to participate in the transaction, if you are not sure the direction of market movement, it would be better to wait or postpone the transaction
2. Set a daily target, close a position if it is on target and set the losses, if the loss is close to 10%, there is good for cut loss
A trader should focus on profits and be able to respond to losses and try to balance the two.
1. Do not be too push yourself to participate in the transaction, if you are not sure the direction of market movement, it would be better to wait or postpone the transaction
2. Set a daily target, close a position if it is on target and set the losses, if the loss is close to 10%, there is good for cut loss
A trader should focus on profits and be able to respond to losses and try to balance the two.
See market prices of crypto currency increasingly fluctuate I think there are a lot of traders who suffered losses, and In taking a decision, many traders are still affected by emotions. Fourth factor that's the meaning, of is a type of emotions:
- Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
We can't blame anyone if they can't control their feelings i mean that money was their sole income as a worker and they worked for it realtime the blood and sweat is nurtured by it so that he/she can claim the prize waiting for him/her. To be a trader means becoming a numb person that doesn't care about his or her investment wether it goes up and down all they want is to have a long term hold of it as they can and probably sell it for a good price. Trading needs a lot of patience if you want to profit. - Greed
Almost all traders familiar with the types of emotions, the desire to obtain profit possible in a very short time. Greedy nature incurred due to excessive self-confidence. Usually happens after the trader earn profit in a row. They are not aware or forgot that important fact in trading is not can expect definite results of each trade.
- Fear
A sense of fear entered the market usually occur after consecutive losses experienced trader. Fear is basically a natural response so that we can survive in the market. However, excessive fear will make traders lost the opportunity to gain profit. During trader comply with rules risk management and trading plan has been made, he should not be afraid to enter the market.
- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon.
- Regret
Regrets that constantly will destroy trading gradually. Regret usually arise after a trader lost some chances to buy or sell, or after experiencing considerable losses. If it is not quickly resolved, the kind of emotion this would be developed into fear, and in extreme cases could make him leave the world of trading.
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
This is a wonderful post, which kinda sums up all of the problems which could be incured while trading. I'll even come out and say that I usually suffer from a good amount of these due to the fact that this is a normal thing that human is going to have problems with.
I face most of my problems with Greed and then regret, which usually follow one another. As I want to get more and more profits, then the floor falls from under me and I start losing large sums of money.
I'm trying to fix this issue though, as I'm trying to cut emotions out of my trading -- as I do think that this would make this happen.
I face most of my problems with Greed and then regret, which usually follow one another. As I want to get more and more profits, then the floor falls from under me and I start losing large sums of money.
I'm trying to fix this issue though, as I'm trying to cut emotions out of my trading -- as I do think that this would make this happen.
Great tips! This is much needed right now as crypto market has become down all of a sudden and traders are losing their minds. Another important factor to have is Patience.
Great reasoning for all emotions listed, but lets not forget anger too. After making or not making a FOMO decision anger can set in after making a bad decision and we must know that bad decisions happen. Knowing this alleviates most of the pain from our bad decisions.
Thanks for sharing. At a time like this when the market is suddenly very low (although only when compared to recent months) it's important to remember not to let emotions rule over logical trading decisions.
Stay strong and stick to your strategy, even if there's a temptation to react strongly to dramatic turns in the market. You'll thank yourself in the years to come.
Stay strong and stick to your strategy, even if there's a temptation to react strongly to dramatic turns in the market. You'll thank yourself in the years to come.
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